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<br />Item No: 6A <br />Meeting Date: April 26, 2021 <br />Type of Business: EDA <br />Administrator review: _______ <br />City of Mounds View Staff Report <br />To: EDA President and Commissioners <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: 21-EDA-342 A Resolution Approving Purchase and Development <br />Agreement and Conveyance of Property Located in Mounds View, <br />Minnesota <br /> <br />Background <br />At its February 22, 2021 meeting, the EDA authorized staff to proceed with the sale of EDA <br />owned land to Bio Clean who is proposing to complete an expansion to their existing business <br />located at 2151 Mustang Drive. They are seeking 45 feet from the EDA owned property. <br /> <br />Staff has met with Bio Clean to determine the land price and additional fees which has been <br />documented in the Purchase and Development Agreement. <br /> <br />Discussion <br />Kennedy & Graven, the EDA’s legal consultant, has prepared and published a Public Hearing <br />Notice. A Public Hearing is required when selling public property. Both parties are in agreement <br />on the sale price and Bio Clean is eager to move forward with their expansion project. <br /> <br />Strategic Plan <br />Create and Maintain a Positive Business Climate Where Businesses want to Locate and Remain <br />in Mounds View. <br /> <br />Recommendation <br />Staff recommends that the EDA open then close the Public Hearing, then consider resolution <br />21-EDA-342 via a motion. <br /> <br /> ________________________ <br />Brian Beeman <br />Assistant City Administrator <br /> <br />Attachment(s): <br />1. Public Hearing Notice for Sale of Public Property <br />2. 21-EDA-342 A Resolution Approving Purchase and Development Agreement <br />The Mounds View Vision <br />A Thriving Desirable Community <br />